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Culgoa Living

Search Investment Properties » Culgoa Living » Best Performing
 
 

10 Culgoa Street Palm Beach QLD 4221 Australia

Investment Property in Palm Beach, South Eastern, Queensland
 
 
 
 
 
 
NRAS
This investment property is eligible for the National Rental Affordability Scheme (NRAS): Government backed 10 year rental incentive.

Unit   8

Select Investment Property: 

Physical Attributes

Level: 2
Status: Available Compass: South of Brisbane
Aspect: South-East Title: Strata
Bedrooms: 1 Bathrooms: 1 (1 Ensuite)
 
Internal Area: 51 sqm External Area: 9.6 sqm
Total Area: 60.6 sqm
Elevation: 3.8m above sea level
Views: Open Urban
Parking: 1  FIRB Pre-approved: Yes
Start Date: 15/09/2011 Completion Date: 15/04/2012
 
Special Needs: No 
On-Site Manager: No
Inspection Times: Appointment Only
 
Investment Property Overview
This unit within the Culgoa Living project contains 1 bedroom, 1 en-suite, 1 bathroom, a balcony and 1 carspace. Includes a dining room, a lounge room, combined laundry, built-in wardrobes and a linen cupboard. The kitchen is equipped with cooktop, oven, rangehood and dishwasher. Other features include air conditioning, internet connection and pay TV. The development has security parking, security building and BBQ.

Investment Information

Costs
Price: $299,000 Stamp Duty: $8,290
 

Capital Growth

 
Capital Growth
Historical capital growth data provided updated at the end of Q1 each year.

Population Changes

 
Historical Population Change
Historical data provided by the Australian Bureu of Statistics (ABS) and updated at the end of Q1 each year.
11.25% p.a. (Historical) 1.77% p.a. (Historical)
-10.33% (2011) 0.71% (2011)
5.72% p.a. (5 year predictive)
 
 
Investment Returns
Various units of measurement for investment property performance.

Investment Returns
 
Total Return
The sum of 'Predicated Capital Growth' and 'Gross Yield'.
 Total Return: 12.90%
Gross Yield: 7.18%
 
Gross Yield
Annual rental income as a percentage of purchase price BEFORE factoring expenses.
 
Weekly Cash Flow
The weekly cash flow the investment averages over 10 years.
 Weekly Cash Flow: $131
Net Yield: 5.07%
 
Net Yield
Annual rental income as a percentage of purchase price AFTER factoring non-finance expenses.
 
Internal Rate of Return (IRR)
Represents the effective 'interest rate' that you receive for your cash invested over a 10 year period.
 		IRR: 33.73% Market Rent: $300 per week.
 
 
Levies
Recurring expenses associated with owning the property which the landlord is generally required to pay. These are estimates provided by the lister of the property and are factored into all performance calculations.

Levies
Council: $2,400 p.a. Water: $0 p.a.
Strata Fee: $1,612 p.a.
 
Expenses
Management Fee$1498
Land Lord Insurance$350
Maintenance$450
Strata$1,612
Council$2,400
Water$0
Year 1 Expenses$6,310
10 Year Average$7,436
Expenses are indexed to CPI.
Expenses: $6,310
 
 
Investment Assumptions
These are the values that have been used or entered by you at the top of the page to perform the calculations.

Your Investment Assumptions
Total Income: $85,000
 
Loan Amount
Price:$299,000
+Stamp Duty:$8,290
+Conveyancing:$950
+Dep. Report:$575
+Closing Costs:$0
+Loan Costs:$1,395
-Cash Invested$29,900
Loan Amount$280,310
Loan Amount: $280,310
Rent Per Week: $300 Rental Vacancy Rate: 4.00%
Interest Rate: 6.50% Inflation Rate: 3.6%
Cash Deposit: $29,900 NRAS: Yes
 

National Rental Affordability Scheme (NRAS)
Credit: $9,981 Less Audit Managers Fee: $499
Rent Discount of 20% to $240 per week.
 
Discounted Rent
Market Rent$300
NRAS Discount20%
Discounted Rent$240

Area Information

Map & Streetview
Proximity to Services
search investments: Culgoa Living proximity to services
Quiet cul-de-sac location
2 minutes to the beach
Access to the creek and canal waterways
Neighbourhood shopping village (100m)
Tallebudgera Surf Life Saving Club and Leisure Centre (3 mins)
Coles shopping centre and medical precinct (6 mins)
Handy to bus transportation along Townson Ave and Gold Coast Highway

Investment Property Synopsis

Features

Beach style apartment living, at it’s best.


Culgoa Living is the latest development to commence in Palm Beach. Designed to maximise privacy, Culgoa Living is an exciting, value-for-money, well located 1 bedroom unit development featuring high quality finishes.

Security, space and great amenities will delight all. Residents will enjoy generous living and balcony areas, superior floor plan design, secure gate access with intercom, air-conditioning throughout, low Body Corporate fees and secure parking. At Culgoa Living you will also have the added benefit of a rooftop common entertainment area, tiled barbecue area, pergola, attractive landscaping, outdoor furniture and perimeter screens for added privacy.

2 minutes from the beach.

Affordable price.

Low Body Corporate fees.

Close To
Bus
Airport
Shopping Centre
Local Shops
Childcare
Schools
Restaurants/Cafes
Beach

Price List

View All Properties
#PriceTypeLevelAspectBedsBathsCar Int m2 Ex m2
3$299,000Unit 1 South-West 1 1-1E 1 52 10
4$299,000Unit 1 South-East 1 1-1E 1 51 10
6$299,000Unit 1 North-East 1 1-1E 1 54 13
7$299,000Unit 2 South-West 1 1-1E 1 52 10
8$299,000Unit 2 South-East 1 1-1E 1 51 10